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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver prices headed south, likely to see major decline in 2013: Citi

Posted on 26 September 2013

A group of analysts at the major financial services firm Citi believes that the increased investor interest in white metal is not enough to overcome weak supply and demand fundamentals. Silver remains to be a bearish call for Citi. It predicts the silver prices to decline further during the remaining quarters of the financial year.
Silver futures declined sharply, following Fed Reserve policy decision announcing no reduction to stimulus program. The prices of silver are on track to post a loss of nearly 29% in 2013………………………………………..Full Article: Source


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